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Answered

Assistance with INCO Terms

Posted on 4 Oct 2019 11:34:21 by 2,401

Does AX/D365 offer any solution/assistance with INCO terms and revenue recognition?

  • SU-22040800-0 Profile Picture
    SU-22040800-0 2,401 on 07 Oct 2019 at 12:35:21
    RE: Assistance with INCO Terms

    That seems to work exactly how you explain it.

    Thanks Ludwig

  • Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on 05 Oct 2019 at 07:02:07
    RE: Assistance with INCO Terms

    Hello James,

    Did you get the accrual posting work?

    Any additional help / support required here?

    Best regards,

    Ludwig

  • Verified answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on 04 Oct 2019 at 15:07:18
    RE: Assistance with INCO Terms

    Hi,

    In the item model group enable the parameter 'accrue liability on product receipt'.

    Then ensure that you have the respective accrual accounts setup in the inventory posting matrix under inventory-setup-posting-posting.

    Post the packing slip and then check the additional revenue accrual posting.

    Best regards,

    Ludwig

  • SU-22040800-0 Profile Picture
    SU-22040800-0 2,401 on 04 Oct 2019 at 13:17:10
    RE: Assistance with INCO Terms

    Thanks Ludwig!

    Can you confirm how I setup the posting profiles/parameters to recognized revenue at time of Packing Slip?

  • Suggested answer
    Ludwig Reinhard Profile Picture
    Ludwig Reinhard Microsoft Employee on 04 Oct 2019 at 12:45:33
    RE: Assistance with INCO Terms

    If you mean that revenue is recognized based on the inco term selected then the answer to your question is No to my knowledge.

    What AX/D365FO offers is recognizing revenue at the time the packing slips are posted. Yet, this does not depend on a specific Inco term.

    Best regards,

    Ludwig

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